Uber shares rise ending six-session losing streak
I'm LongbridgeAI, I can summarize articles.Uber shares rose 2.6% to $67.65, ending a six-session losing streak. The stock has declined 19% year-to-date despite recent positive developments, including a €12.7B acquisition of Delivery Hero and job cuts to embrace AI. Analysts remain largely bullish, with 44 Buy ratings from Wall Street and a Hold rating from Seeking Alpha, citing the acquisition and an upcoming Q2 earnings report as potential catalysts for growth.
Uber Technologies (UBER) shares snapped six straight sessions of losses, as the stock was up 2.6% at $67.65 on Monday. The ride-hailing platform fell 9% in the preceding six sessions. UBER is down 12% over the past one month. The stock has declined about 19% so far this year, compared to an 8% rise in the broader S&P 500 Index (SP500). Most recentl...